Foreclosure reality in the United States

The RealtyTrac statistics
therefore need to be kept in perspective. Realty Trac
comment.

Forbes report - Matt Woolsey

Realty Trac
2007 foreclosure statistics by State

There has been no
estimate of the actual financial losses of foreclosures /
defaults / re arrangements by State. It would appear that
the “bubble markets” of Floridaand Californiacombined
with 18% of the USpopulation and 32% of the actual 2007
(reported – noting lags) foreclosures may account for in
excess of 70% of the actual financial losses.

No doubt
United Statesresearchers and media will be assessing the
actual financial losses by State in the near future. The
“bubble States” appear to be experiencing the biggest
hits - which no doubt will lead to risk re pricing for
individual States / localities in due course.

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